The investment bank reported 1.33 EPS as opposed to the initial forecasts for just 1.17, which caused the share price to appreciate with 2.72% in the first hour after the release of the data.
The CEO of the company James Gorman attributed the positive report to the bank's stability and breadth as a global financial franchise. Morgan Stanley is finally managing to make up for the weaker performance of the last earnings report, which Mr Gorman attributed to the "turbulent markets of the fourth quarter" of 2018.
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